OI Profile RemasteredOI Profile Remastered
This indicator is the successor to the very popular first open interest profile,
the indicator provides the opportunity to show: Delta, Positive and negative OI in seperation,
as well as calculate the High Value Nodes (HVN) + Liquidations independently of the OI shown.
Users are granted options such as
HVN - Auto detects areas of High Open Interest
Liquidations - Provides points of maximum likely liquidation areas
Users can select their margin manually else the Auto settings for margin will do its job based on the chart selected, perp vs usdt.
All settings are set to defaults that I currently use for BTC trading.
Liquidation points can be useful for Targets when taking a trade.
HVN /OI. Can be used as S/R dynamically as well as the OI develops throughout the session.
Positive Profile With Positive HVN Calculation
Delta Profile with Positive HVN Calculation (shows indepedence)
Multitimeframe
HTF Power of Three° [Pro+] by toodegreesDescription:
Power of Three ( PO3 ) is one of the many concepts introduced by the Inner Circle Trader , and inspired by Larry Williams .
The PO3 represents a three staged Smart Money campaign: Accumulation , Manipulation , and Distribution ( AMD ).
This tool helps to build narrative, as well as spotting important institutional levels.
ICT traders assume that this pattern represents how any candle is built.
“ This is applicable to every time measurement, as long as you have a beginning time, the highest value, the lowest value, and an ending in terms of measuring time. ”
Consider the development of a Bullish Candle over Time:
– Candle Open (initial value price, prior to dynamic imbalance)
– Accumulation of longs around the opening price
– Manipulation where short liquidity is engineered and long liquidity is neutralized
– Range Expansion (dynamic price imbalance)
– Distribution pairing long exits with pending buy interest
– Candle Close (ending value price, post dynamic imbalance)
The same goes for the development of Bearish Candles, in reverse.
Indicator Features:
The HTF Power of Three° Pro+ Indicator allows to monitor the selected Higher Timeframe Candles in real time:
– Follow HTF Candle development Live
– Plot unlimited HTF Candles on the current resolution
– Use NY Midnight time as the Candle Open on Daily and Weekly timeframes
– Spot HTF PD Arrays while on a lower timeframe
– See where the HTF Open, High, and Low are in the current lower resolution with high precision
– Know when the HTF candle is supposed to Close by monitoring its own countdown (below 1D)
– Note previous HTF Low to High ranges to gain a deeper understanding of LTF market profiles
Additional Features:
– Choose between Candles and Bars to display your HTF PO3s
– Hover on the open and close of past HTF candles to see their OHLC and Range values
– Resize and offset HTF candles to your liking
– Stack multiple instances on the indicator to show multiple higher timeframes at once on the same layout
– Backtest strategies with two (or more) timeframes on one chart
– Study and backtest PO3 in Replay Mode with ease
– Trade PO3 with confidence without needing multiple layouts
Indicator In Action:
To Get Access, and Level Up see the Author's Instructions below!
This indicator is available only on the TradingView platform.
⚠️ Intellectual Property Rights ⚠️
While this tool's base concepts are public, its interpretation, code, and presentation are protected intellectual property. Unauthorized copying or distribution is prohibited.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
Steel Step Assistant: Trend Visualizer + Market Flow 1.0This is a market flow signal indicator. Flow with the market and you will find yourself in good hands.
This indicator simply gives you a signal of the RIGHT time to follow a market trend/direction. The indicator is designed with Steel Step strategy rules for determining directions.
It calculates and provides the most market direction signals within a particular period of time.
It also gives a relatively accurate signal of trend reversals. Being an indicator, it is prone to a certain extent of inaccuracy. It is programmed to provide an accurate market direction/flow to the best of its abilities.
Always remember that the Steel Step strategy does not rely on indicators to trade.
The trend visualizer is an ordinary table that shows you trends in different time frames.
This indicator can be used on all charts and markets; crypto, commodities, forex, stock, indices, etc.
It is suitable for intra-day traders.
One way of using this is to enhance your information gathering on trends in order to understand the market structure or direction better.
This indicator helps educate users on the market structure. Users can quickly break down the market into layers, analyze the layers and connect them all to understand the market as a whole. After users understand the market, users need to decide and choose a specific trend they want to trade. The basic idea is to flow with the market.
This indicator can be combined with EW theory to understand the market structure easily.
When I understand the whole market structure, it boosts my trading performance to the maximum.
According to the Steel Step strategy, this indicator is designed to show the trend "one layer" above "the current TF layer". This method has been tested to enhance accuracy. This may sound confusing to some of you. You can find educational materials about the layer logic from my Steel Step strategy.
Find the instructions on how to view signals below.
***SIGNAL GUIDE***
To view signals/set signal alerts:
- To view 15min signals, use 3min chart
- To view 1H signals, use 15min chart
A second version to include more time frame layers and trends will be published soon. Look forward to it!
Please comment below or message me if you have any questions. Enjoy!
*Nobody should use this indicator as a confirmation signal for entry/exit for your trades. Please message me on how to use this indicator correctly. This indicator was designed to be used in conjunction with my Steel Step strategy, hence the name.
RD Key Levels (Weekly, Daily, Previous vWAP)The RexDog Key Levels indicator plots the weekly open, daily open, and the previous day vWAP close.
These are all critical price levels (zones) to know when trading any market or instrument. These areas are also high probability reaction areas that you can trade using simple confirmation trading patterns.
First, I'll cover an overview of the indicator then I'll share general usage tips.
Weekly Open - default is white/orange. White is when price is above the weekly open. Orange is when price is below the weekly open.
Weekly High/Low - there are options to turn on the weekly high and lows. Default plot is circles. Green is the high. Red is the low.
Daily Open - default is green/red. Green is when price is above the daily open. Red is when price is below the daily open.
Previous vWAPs - aqua single lines. These are the closing price of the daily vWAPs.
Top Indicators - The triangles at the top of the chart signify is price is currently above or below the weekly open. This is helpful on lower timeframe charts (5m, 15m) to get a quick indication when price is far extended beyond the weekly open. Green triangle = above weekly open. Red triangle = below weekly open.
General Usage
Each one of these levels are important levels markets look use for continuation or failure of momentum and bias. I also find it extremely helpful to think of these levels as magnets, dual magnets. They both attract and repel price at the same time. Now you might say, how is that helpful to have opposing views at the same time? Be indifferent to direction, create your own rules on when these price zones repel or attract price, I have my own.
Here's the easiest way to use these price levels.
As price approaches one of these levels to expect a reaction. A reaction is price is going in one direction and price hits a price level zone and reacts in the opposite direction.
These are price zones, sometimes you will see a reaction right at the price but visualize these areas as zones of reaction.
A high percentage of the time when price approaches these level zones there will be a reaction. So trade the reaction .
How do you do that?
Simple. Trade patterns that repeat. I have 3 solid patterns I trade around these key levels:
The first pattern is early entry with precise scale in rules and a very effective protective stop loss placement.
The second pattern is wait for confirmation that the level holds. This requires more patience and for you to fully trust the chart. The benefit of this pattern is with confirmation you have even more precise stop placement.
There is a bonus third pattern I trade around these levels. I call this the confirmation and bluff entry. It's a combination of both of the patterns above. You wait for confirmation but on any pull back you call the bluff on the market and enter on key test. Trade management here is critical. In addition to the pattern you trade you should have a series of failure patterns that tell you to get out of the trade, I use 2 primary failure patterns.
I trade all markets, same system, same rules, so I'll show a few examples.
Usually I start with Bitcoin but let's start with equities:
BA - Boeing - 8 Trades
Here we see weekly low patterns, previous week low test, vwAP hold patterns, day magnets and day holding. Then 2 week failures and a double hold pattern.
These are all straightforward trades to execute following really simple patterns.
BTCUSD Previous vWAP and Day Open Trades
We see here on the circle areas both daily open and previous day vWAP zone tests. Within this chart are all 3 highly effective patterns I trade.
SPY - 7 High Probability Trades
Here we see a pDay vWAP mixed with a daily failure. Next a daily retest, then a pDay vWAP failure, then a vWAP capture and test. Then a double weekly failure test (great trade there) and finally a daily test.
I could provide more examples but most are just derivatives of the above examples.
SMC sessionzz by JelleThe main function of this indicator is to make it easy to identify several smart money concepts (SMC) and ICT practices by using a single indicator. The functions themselves are not my original content, but rather a collection of several scripts with some tweaking, combined into a single indicator.
Main functions:
- Provides the ability to set bar color for London, New York and Asia sessions
- Provides the ability to set background color for London, New York and Asia sessions
- Provides the ability to indicate NY and GMT midnight on the chart by plotting vertical lines
- Provides several smart features to turn bar color and background color on/off depending on the timeframe
Usage example:
- Easily determine each session high and low by using the bar color feature
- Easily determine the daily high and low by using the vertical midnight lines
- Easily determine ICT kill zones by setting background color for each session
- Easily avoid clutter on your chart by using the timeframe filters
Quad RSRelative Strength (RS) is an Indicator which measures a Stock's performance as compared to a Benchmark Index or another Stock.
For example: RS will tell you whether “A” is increasing more or less than “B” in any market condition. It is one of the tools which is best suited for Momentum Investing.
How RS can be used as a Momentum Indicator:
RS is used in identifying both the strongest and the weakest stock, or any asset class, within the market. Usually, the stocks which display strong or weak RS over a given time period tend to continue to move in the same direction.
How to calculate Relative Strength:
Divide change of "A" over some time period by the change of a particular index/stock "B" over the same time period.
This indicator oscillates around zero. If the value is greater than zero, "A" has been relatively strong compared to "B", during the selected period; if the value is less than zero, "A" has been relatively weak.
Configuration & Default settings:
The Relative symbol can be Input, default is Nifty50.
Time frame can be set, I recommend setting to Day. Default time frame is set to same as chart.
Four different periods can be set. Default values are 500, 250, 125 & 63. If time frame is set as 'Day', these numbers correspond to 2 years, 1 year, 1/2 year & 1 quarter.
Example chart: NiftyMidCap100 with Quad RS indicator with Nifty50 used as Relative Symbol, Four periods: 500, 250, 125 & 63
Perfect signal by c00l75 v4-- CONCEPT - HOW IT WORKS ---
This script is based on moving average crossing lines (mirrored) with a signal line.
--- WHAT IS DIFFERENT FROM OTHER MA SCRIPTS ---
It's different in the formula for calculating the moving averages. NOW the length of the moving averages is modifiable to permit the user to tuning system better.
--- WHAT IS IT FOR? ---
It's a trend following script. I needed a script to catch signals for medium term trading (5-20 days) on > H4 TF with smooth lines but pretty quick signal, possibly easy to manage and "plug and play" for Forex market.
--- HOW TO USE IT? ---
Simply you have buy or sell signal looking at crossing lines. Signal line could be used to catch retracements.
--- WHERE SHOULD I USE IT? ---
At the moment I tested it only on Forex market with good results on H1 timeframe. Backtest it by yourself before using it.
Hope I can help someone else to have better trading time. Feel free to comment if you have questions.
NOTE for moderators: It's the update version of a my previous script (Perfect signal by c00l75) to version v4 with added ability to change the periods of the user's choice. To do this I had to republish it because the previous one was an old version of pinescript that is no longer supported.
EURUSD balancing trading system--- CONCEPT - HOW IT WORKS ---
This script is based on the percentage difference of the price action movements of EUR and USD
--- WHAT IS IT FOR? ---
It's a trend following script with leading capabilities. It works on every TF, best over H1 on EURUSD pair.
--- HOW TO USE IT? ---
Simply you have buy or sell signal looking at crossing lines. You should regard the "50" level as strengthening the trend if higher and weakening if lower. It is possible to change the currency reference period and smoothing period according to your needs and trading style.
--- WHERE SHOULD I USE IT? ---
On forex market on EURUSD pair. Backtest it by yourself before using it.
---- DISCLAIMER ----
The use and provision of this indicator is not intended to solicit the user for investment. It was created purely for educational purposes and for testing.
The author assumes no responsibility regarding the use of this indicator and any losses it may generate.
By using it, the user assumes any risks that may occur.
JZ_Chaikin HTF Volatility BreakoutFirst off, all credit to Harry Potter as this is a minor customization of his indicator.
Basic additions:
-- Added a Higher Timeframe that is set to Daily but can be changed. Timeframe does wait until barstate.isconfirmed so won't repaint.
-- Added HMA smoothing line to both Chart and HTF. Can be used as it's own signal, as confirmation or in combination with faster signal line -- Breakout signal & Range Highlight use both.
-- Added optional coloring of HMA based on whether increasing or decreasing.
-- Added a low volatility option that highlights Range/No Trade zones. Defval is off so needs to be selected from inputs.
Breakout Signals are very simple and both take the HTF signal and HMA. When the faster Volatility line rises from below zero and comes within the range of -10 to 0, AND the HMA signals is increasing (and also below zero) for confirmation, generates a breakout signal of an incoming big move. You can alter the breakout threshold to be greater or less than -10, I just found that works best for filtering out the noise and false signals. Won't catch everything, but pretty reliable when it does.
Tested mostly on BTC so can't vouch for other assets and would likely need modification.
I've JUST taught myself coding from scratch (and to say I'm an amateur is an understatement), so apologies in advance if anything is unclear or could be coded better. Open to any suggestions.
MTF Diagonally Layered RSI - 1 minute Bitcoin Bot [wbburgin]This is a NON-REPAINTING multi-timeframe RSI strategy (long-only) that enters a trade only when two higher timeframes are oversold. I wrote it on BTC/USD for 1min, but the logic should work on other assets as well. It is diagonally layered to be profitable for when the asset is in a downtrend.
Diagonal layering refers to entry and exit conditions spread across different timeframes. Normally, indicators can become unprofitable because in downtrends, the overbought zones of the current timeframe are not reached. Rather, the overbought zones of the faster timeframes are reached first, and then a selloff occurs. Diagonally-layered strategies mitigate this by selling diagonally, that is, selling once the faster timeframe reaches overbought and buying once the slower timeframe reaches oversold.
Thus this strategy is diagonally layered down . I may create a separate script that alternates between diagonal-up and diagonal-down based off of overall trend, as in extended trend periods up this indicator may not flash as frequently. This can be visualized in a time series x timeframe chart as an "X" shape. Something to consider...
Let me know if you like this strategy. Feel free to alter the pyramiding entries, initial capital, and entry size, as well as commission regime. My strategies are designed to maximize average profit instead of flashing super frequently, as the fees will eat you up. Additionally, at the time of publication, all of my strategy scripts are intended to have profitable Sharpe and Sortino ratios.
Timeframes, RSI period, and oversold/overbought bounds are configurable.
Bitcoin 30m Swing Trader Long/Short StrategyIntro
I want to share the results of my passionate hobby and the unstoppable chase for a profitable automated trading strategy. It has been created with the intention of trading only Bitcoin. Altcoins are not interesting for me, as I have discovered lots of issues with finding the right parameter values for experiencing a good performance. As altcoins typically follow the trend of bitcoin and characteristically have a high volatility that may cause stop-hunts, I decided to not over complicate this project. I was just aiming for a profitable trading strategy with an acceptable drawdown and enough confidence by a statistically significant number of trades beside a wide backtesting timespan (credits going out to TradingView: Deep Backtesting).
Total time spent on this is approximately 2 years.
Indicators used
RSI: Used for entries and trend reversal spots
MACD: Used for entry and exit optimiziation
ATR: Used for dynamic offsets in trend definition indicator
Custom trend indicator: Self-made indicator, based on simple price action of higher timeframes using pivot points to find support and resistance zones that have formerly been created
Strategy parameters
I have reduced the total parameters used to just a few. It took lots of working hours to find appropriate values along the trading algorithm and I don’t want to overcomplicate it to you.
This strategy is for those, who have been looking for a working strategy. No DIY kit.
Feel free to adapt Take profit or stop loss targets. But it’s not recommended to do so.
How it works
Entries:
I started with a kind of template that I have been using for strategies for a long time. This includes how to find the right Entries during a trend as well as spotting trend reverse opportunities. Here I combine simple indicators like RSI and MACD beside necessary trend conditions. If a target RSI Value is hit, it will enter a trade, after MACD histogram has stopped to fall/rise. Depends on long/short. While we are in a trade and trend reversed, it waits for a specific RSI target level to be hit, to reverse the trade. As simple as it is, it closes the open one and starts a trade in other direction.
Micro trend:
It starts to get more interesting when it comes to trend recognition, as it forms the core of the strategy and discovering appropriate values for it has been very hard. The final trend variable is defined by the responses over higher timeframes of my self-made trend indicator. Executed on the current timeframe, the trend indicator is quite interesting. But for a automated trading strategy it is necessary to deviate trading instructions from higher timeframes trends.
Macro trend:
The same process that happens for micro trend is also applied with much higher timeframes, like 3D or weekly. The basic assumption is, that if we are in a bull or bear run, where retail investors are flooding the markets, we are increasing our take profit targets respectively. This way we can catch bigger moves in bigger trends.
Exits:
Closing a trade generally happens when a TP target (in %) is hit, or the SL (in %) is hit. The strategy has a special treatment with SL’s. After it happens, the strategy is more careful about market conditions and typically waits for a countertrade. The third way of closing a trade has already been mentioned: the reverse trades. They happen during choppy market conditions. The strategy has also special awareness here and tracks, if reverse trades start to happen more often. After a while, it starts to be more restrictive in opening new reverse trades.
Performance
Capabilities and limitations:
As I have already mentioned the strategy is only optimized for bitcoin (Perpetual Futures). This does not mean, it can not be used on other markets, because the algorithm itself is universal appliable. A very hard task was about finding the right parameter values for the strategy performing like this. If you have a special wish to configure this strategy for a specific market, DM me. The strategy has been tested with different configurations on the following timeframes: 30, 15, 10, 5, 1. I have decided to publish the one for 30m TF, because its performance simply convinced me.
Repainting:
It has been tested lots of times against repainting.
Confidence:
The total backtesting performance reaches out to 2019-09-08. So the strategy has been managing to be successful since then, but this does not guarantee that the logic, this strategy follows, is going to continue this level in future.
Commission:
The algorithm is configured with 0.04% commission per trade, as it is on Binance (for Future Market orders).
Ordersize:
Its totally up to you, how much of your total equity should be traded. Nevertheless, I would personally recommend to not exceed 50% ordersize of your equity with this strategy. In the past, you would have had great performance beside a drawdown, that was from psychological point of view good to handle with. This strategy additionally uses STOP LOSSES, so you can never loose you whole ordersize at one trade.
Slippage:
You also must consider about getting slipped when trading this strategy on live markets. Statistically one could assume, that the slippage could be neutral, as it can be both positive or negative. It depends on your execution time, the exchange, on which you are executing trades and market conditions. But keep it in mind, as if you have too much slippage, this strategy would be unprofitable.
HTF Power of Three°Power of Three ( PO3 ) is one of the many concepts introduced by the Inner Circle Trader and inspired by Larry Williams.
The PO3 represents a three staged Smart Money campaign: Accumulation , Manipulation , and Distribution .
ICT traders assume that this pattern represents how any candle is built.
“This is applicable to every time measurement, as long as you have a beginning time, the highest value, the lowest value, and an ending in terms of measuring time.”
Consider the development of a Bullish Candle over Time:
– Candle Open (initial value price, prior to dynamic imbalance)
– Accumulation of longs around the opening price
– Manipulation where short liquidity is engineered and long liquidity is neutralized
– Range Expansion (dynamic price imbalance)
– Distribution pairing long exits with pending buy interest
– Candle Close (ending value price, post dynamic imbalance)
The same goes for the development of Bearish Candles, in reverse.
The HTF Power of Three° Indicator allows to monitor the selected Higher Timeframe Candle in real time:
– See where its Open, High, and Low are in the current lower resolution with high precision
– Know when it's supposed to Close by monitoring its own countdown (if below 1D)
– Note its Low to High range to gain a deeper understanding of LTF market profiles
– Study and backtest PO3 in Replay Mode with ease
– Trade PO3 with confidence without needing multiple layouts
This becomes very useful when studying, and especially using, PO3. One can use this as a tool to build narrative, as well as spotting important institutional levels.
You can also monitor more than one HTF PO3 at the time by stacking multiple instances of the indicator:
This works on any timeframe, even the seconds charts!
Note: if you select too high of a PO3 timeframe while on LTF you might receive an error due to TrandingView's data availability on that chart – this can also depend on your TradingView Plan.
Steel Step Assistant: Trend Visualizer + Divergence Signal 1.0Disclaimer: Nobody should use this indicator as a confirmation signal for entry/exit for your trades. Please message me on how to use this indicator correctly. This indicator was designed to be used in conjunction with my Steel Step strategy, hence the name.
This indicator simply gives you a signal of trend reversals.
The trend visualizer is an ordinary table that shows you the trends of different time frames.
The signal is designed with the Steel Step strategy for determining the more important reversals/pivots.
Being an indicator, it is prone to a certain extent of inaccuracy. It is programmed to provide an accurate market trend reversal to the best of its abilities.
Always remember that the Steel Step strategy does not rely on indicators to trade.
This indicator can be used on all charts and markets; crypto, commodities, forex, stock, indices, etc.
It is suitable for intra-day traders. Another version with all time frames is being made as I publish this.
One way of using this is to enhance your information gathering on trends in order to understand the market structure or direction better.
This indicator helps educate users on the market structure. Users can quickly break down the market into layers, analyze the layers and connect them all to understand the market as a whole. After users understand the market, users need to decide and choose a specific trend they want to trade. The basic idea is to flow with the market.
This indicator can be combined with EW theory to understand the market structure easily.
When I understand the whole market structure, it boosts my trading performance to the maximum.
The user inputs (settings) should be very straightforward. The default settings produce directions that are very similar to what I use for my strategy. You can change the settings as desired.
The default settings are configured to show you the trend reversal or market direction of "one layer" above "the current time frame layer". You can find educational materials about the layer logic from my Steel Step strategy.
Find the instructions on how to view signals below.
***SIGNAL GUIDE***
To view signals/set signal alerts:
- To view 15min signals, use 3min chart
- To view 1H signals, use 15min chart
A second version to include more time frames and trends will be published soon. Look forward to it!
Please comment below or message me if you have any questions. Enjoy!
Multi-Timeframe Trend IndicatorThe Multi-Timeframe Trend Indicator (MTFTI) is a trend analysis tool designed to help traders quickly and easily assess the market direction across multiple timeframes. With the help of a table to visualize the trends on different timeframes.
Key features:
Multi-timeframe trend indicator for the following timeframes: 5 minutes, 15 minutes, 30 minutes, 1 hour, 2 hours, 4 hours, 6 hours, 12 hours, 1 day, and 1 week and average.
Displays trends for selected timeframes in a table.
Considers short and long-term exponential moving averages (EMAs) to determine trends.
Calculation of the average trend for all timeframes.
Display of trends with appropriate coloring for better readability (green for "Up", red for "Down", and intermediate shades for neutral or strong trends).
List of Parameters
Customization of the table's position on the screen (top-left, top-right, middle-left, middle-right, bottom-left, bottom-right).
Setting the lengths of the short and long-term exponential moving averages.
Option to activate or deactivate the display of EMAs for better customization (true by default).
Please note that the MTFTI is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
NSDT EMA+ATRI had this idea to make a custom Moving Average that adapts to the market. I chose to use the Average True Range. As the market makes bigger/smaller moves, this custom Moving Average applies the ATR as the length of the EMA. This gives more distance to the Moving Average as the volatility picks up or reduces.
Just set the length you want the ATR to look back (default is 100) and the multiplier (default is 2) to work with the instrument being traded.
It's also setup for use on Multi Time Frames.
RSI Screener and Divergence [5ema]
Displayed on the RSI chart according to a custom timeframe.
Displays the RSI tracking table of various timeframes.
Identify normal divergence, hidden divergence on RSI chat.
Show buy and sell signals (strong, weak) on the board.
Send notifications when RSI has a buy or sell signal.
-----
I reused some functions, made by (i believe that):
©paaax : The table position function.
@everget : The RSI divergence function.
@QuantNomad : The function calculated value and array to show on table for input symbols.
I have commented in my code. Thanks so much!
-----
How it works:
1. Input :
input.int length of RSI => calculate RSI.
input.int upper/lower => checking RSI overbought/oversold.
input.int right bars / left bars => returns price of the pivot low & high point => checking divergence.
input.int range upper / lower bars => compare the low & high point => checking divergence.
input.timeframe => request.security another time frame.
input.string table position => display screener table.
2. Input bool:
plot RSI on chart.
Plot Regular Bullish divergence .
Regular Bearish divergence.
Hidden Bullish divergence .
Hidden Bearish divergence.
3. Basic calculated:
Make function for RSI , pivot low & high point of RSI and price.
Request.security that function for earch time frame.
Result RSI, Divergence.
4. Condition of signal:
Buy condition:
RSI oversold (1)
Bullish divergence (2).
=> Buy if (1) and (2), review buy (1) or (2).
Sell condition:
RSI overbought (3).
Bearish divergence (4).
=> Sell if (3) and (4), review sell (3) or (4).
5. Table screener:
Time frame.
RSI (green - oversold, red - overbought)
Divergence (⬈⬈ - regular bullish , ⬊⬊ regular bearish , ⬊ - hidden bullish , ⬈ - hidden bearish ).
Signal (🟢 - Buy, 🔴 - sell, green 〇 - review buy, red 〇 - review sell)
----
This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.
[UPRIGHT Trading] Volatility Trend Filter (VTF) AlgoHello Traders,
As some of you know, I have had this in Beta for a long while now and it's finally time for a full release.
I originally designed this to be an Unreal Algo add-on to track & stay in the trade a little better, but the VTF Algo has become a full Algorithm and can be used standalone with supreme accuracy.
It's for beginners and advanced traders alike. I've made the settings very customizable, but also easy to just jump right in.
How it works:
It uses volatility , deviations, and tons of statistical calculations, confirmations, moving averages, and filters to bring you the most accurate Supply & Demand predictive algorithm possible. The VTF Algo will automatically normalize different volatility in any type of market to help avoid getting Chopped up and give a forward-looking approach to accurate Price Action and confirmation. It will automatically show support and resistance in real-time. The channel that The VTF Algo creates will help traders confirm whether they should stay in the trade or get out fast. As the green top grows it naturally acts as Supply and as the red bottom grows it acts as Demand, when one of them far exceeds the other the direction price will proceed to is clear to see.
Features:
-Easy-to-read Price Action & Trend channel.
-Exceptional Chop Filter (grayed center).
-Accurate Buy/Sell and Topline Continuation Signals.
-Rejection Signals.
-Multiple-Timeframe Customizable Trend Table. Showing Directional Arrows (see bottom right of picture).
-Bullish / Bearish Growing Blocks.
-Fully Customizable with Clean and Cleaner Mode.
The VTF Algo was made with all different types of traders in mind.
Some like things Ultra Crispy Clean:
Others like things a little more clean but can move their focus to where it's needed:
Lastly, there are those who don't mind things looking a little busy:
Topline Continuation Signals, Auto-Supply/Demand, and a Real-Time Multiple Timeframe Trend Table (in the bottom-right) corner:
Meshes perfectly as an Algo Add-on for Unreal Algo © (as originally designed) to enhance "The Simple Strat" © :
I tried to make everything as customizable as possible. So adding or removing or color-changing is super easy.
Happy Trading.
Cheers,
Mike
SynthSAR ConfirmationThis indicator represents confirmation of a trend based on the PSAR indicator and includes signals from the MACD, stochastic oscillator, and awesome oscillator. It displays the points of the parabolic SAR on the chart, which help determine the direction of the trend. Additionally, the indicator allows for tracking signals based on the combined analysis of three other technical indicators: MACD, stochastic oscillator, and awesome oscillator. Furthermore, the indicator includes the ability to display buy/sell labels and signals for changing the trend direction. This is not an investment recommendation.Very effective in higher timeframes.If the MACD "macd line" crosses the "signal line" from above and the Stochastic %K line crosses the %D line from above, and the last column in the Avesome Oscillator is red, then the indicator gives a signal to sell. If the MACD "macd line" crosses the "signal line" from below and the Stochastic %K line crosses the %D line from below, and the last column in the Avesome Oscillator is green, then the indicator gives a signal to buy.
Pre-market Highs & Lows on regular trading hours (RTH) chartShows pre-market highs and lows on RTH or ETH chart
-Pre-market duration user input (default is 16 'bar hours'; covering the time from S&P RTH close at 4pm >> 9:30am RTH open next day
-Displays on both RTH and ETH charts
-Written for ES (ES1! or e.g ESM2023), but tested and working on SPY, SPX
-Works across timeframes
Example usage on Electronic trading hours (ETH) chart; showing the 'bar hours' user input lookback duration visually
Steel Step Assistant: Trend VisualizerSpecial thanks to Turicumo and Psychil for helping me write the code, both from my group.
Disclaimer: Nobody should use this indicator as a confirmation signal for entry/exit for your trades. Please message me on how to use this indicator correctly. This indicator was designed to be used in conjunction with my Steel Step strategy, hence the name.
This indicator simply gives a quick outlook of the market.
This indicator is an ordinary table that shows you the trends.
The default settings produce directions that are very similar to what I use for my strategy. You can change the settings as desired.
This indicator can be used on all charts and markets; crypto, commodities, forex, stock, indices, etc.
It is suitable for intra-day traders, as well as HTF traders.
One way of using this is to enhance your information gathering on trends in order to understand the market structure or direction better.
This indicator educates users on the market structure. Users can quickly break down the market into layers, analyze the layers and connect them all to understand the market as a whole. After users understand the market, users need to decide and choose a specific trend they want to trade. The basic idea is to flow with the market.
This indicator can be combined with EW theory to understand the market structure easily.
When I understand the whole market structure, it boosts my trading performance to the maximum.
Please comment below or message me if you have any questions. Enjoy!
Bar Magnified Volume Profile/Fixed Range [ChartPrime]This indicator draws a volume profile by utilizing data from the lower timeframe to get a more accurate representation of where volume occurred on a bar to bar basis. The indicator creates a price range, and then splits that price range into 100 grids by default. The indicator then drops down to the lower timeframe, approximately 16 times lower than the current timeframe being viewed on the chart, and then parses through all of the lower timeframe bars, and attributes the lower timeframe bar volume to all grids that it is touching. The volume is dispersed proportionally to the grids which it is touching by whatever percent of the candle is inside each grid. For example, if one of the lower timeframe bars is interacting with "2" of the grids in the profile, and 60% of the candle is inside of the top grid, 60% of the volume from said candle will be attributed to the grid.
To make all of this magic happen, this script utilizes a quadratic time complexity algorithm while parsing and attributing the volume to all of the grids. Due to this type of algorithm being used in the script, many of the user inputs have been limited to allow for simplicity, but also to prevent possible errors when executing loops. For the most part, all of the settings have been thoroughly tested and configured with the right amount of limitations to prevent these errors, but also still give the user a broad range of flexibility to adjust the script to their liking.
📗 SETTINGS
Lookback Period: The lookback period determines how many bars back the script will search for the "highest high" and the "lowest low" which will then be used to generate the grids in-between
Number Of Levels: This setting determines how many grids there will be within the volume profile/fixed range. This is personal preference, however it is capped at 100 to prevent time complexity issues
Profile Length: This setting allows you to stretch or thin the volume profile. A higher number will stretch it more, vise versa a smaller number will thin it further. This does not change the volume profiles results or values, only its visual appearance.
Profile Offset: This setting allows you to offset the profile to the left or right, in the event the user does not appreciate the positioning of the default location of the profile. A higher number will shift it to the right, vise versa a lower number will shift it to the left. This is personal preference and does not affect the results or values of the profile.
🧰 UTILITY
The volume profile/fixed range can be used in many ways. One of the most popular methods is to identify high volume areas on the chart to be used as trade entries or exits in the event of the price revisiting the high volume areas. Take this picture as an example. The image clearly demonstrates how the 2 highest areas of volume within this magnified volume profile also line up to great areas of support and resistance in the market.
Here are some other useful methods of using the volume profile/fixed range
Identify Key Support and Resistance Levels for Setups
Determine Logical Take Profits and Stop Losses
Calculate Initial R Multiplier
Identify Balanced vs Imbalanced Markets
Determine Strength of Trends
Cloud X MesoHello there fellow Traders!
Thanks for stopping by, so today I will be covering everything you need to to know about this TradingView strategy.
Below I will discuss everything you need to know about this strategy so you can get a full grasp of what the strategy is, the features, what it does, how it works, the benefits of how this strategy can help you, and the results.
What is Cloud X Meso?
-Cloud X Meso is a strategy that consists of 7 indicators to all line up for total confluence to take a buy or sell once all 6 indicators conditions are met. This strategy does not repaint and doesn't require any technical analysis to be used. The strategy can be used on any timeframe, and any instrument.
-I have optimized many different variations for different types of trading instruments of this strategy ready to be used. The difference of this strategy is that these variations do not need any reoptimization to keep up with recent market conditions since there are hardly any inputs used, which prevents common overfitting problems. The main goal was for this strategy to be automated, as well as plug and play or you can officially consider this as set and forever forget.
What does this strategy do?
-The main goal for this strategy is to catch long or short term trends by waiting for all 7 indicators to line up as well as using customized trading times to trade certain sessions where there is high amounts of volume in the market. This strategy doesn't always need to have a clear trending market, since it can also catch short term trends in choppy markets as well. Overall, the strategy tell you when it buys, sells, and exits after all conditions are met.
How does the strategy work?
-The way that this strategy works is when all of the indicators confluences are met. Next, a buy or sell label will print and the candles colors will color blue or red to show that the trade is in the buy or sell position followed along with a magenta colored line which is the trailing stop to follow the trade until the trade exits from the trailing stop being hit or if the strategies exit condition is met.
-The strategy does have a set Take Profit target since it relies on the trailing stop to end the trade. This is beneficial so you can catch any size of a trend move when the strategy is in high volume market sessions. You catch these trends by customizing the settings to toggle on or off certain indicators, functions, configuring a customized trading time, and toggling on or off certain trading days to make a specific approach for fine tuning a pair to trade in a certain time window with high amounts of volume to catch trending moves whether it be a long or short term trend.
Below I will explain each functionality of the strategy for you to better understand the different ways you can adjust the settings of this strategy.
Backtest Settings:
-You can use these settings to determine a start / end date of what results you would like to see in the strategy tester.
-You can determine the $ amount you would like to see on strategy testers results to be in terms of net profit and max drawdown.
-You can choose whether you want the strategy to take buys only, sells only, or buys and sells.
Automation:
-Compatible with Pine Connectors to fully automate this strategy for MT4/5
-It uses a % based risk when placing trades so you won't have to calculate a proper lot size or dollar amount.
-You can also put the symbol of what that strategy will be trading on so you know what pair its trading.
Custom Trading Times:
-When you customize a trading time for the strategy to trade in, the background will turn blue for that specific time window, and you can use the "Session Exit" function to have trades close once the time window ends when toggled on, or you can have the existing trades close on their own when "Session Exit" is toggled off.
Dynamic Trailing:
-The algorithm uses a volatility based indicator to determine proper stop loss placement depending on how volatile the market is. This will prevent you from guesstimating if your stop loss is too big or too small.
-When Dynamic trailing is off, then the strategy will use a Risk Reward based stop loss to trail everytime the trades hits a new Risk Reward target.
-You can also toggle on or off for the stop loss to go to break even once the trade hits a 1:1 Risk Reward.
Directional Bias Settings:
-This indicator is the main directional bias that uses a multi timeframe function to determine the directional bias, you can also use the Exponential Moving Average as a form of directional bias instead, or you can use both of them to work together to find the directional bias. You can also toggle each one on or off
Entry / Exit Settings:
-This indicator also uses a multi timeframe function but it determines the entry and exit for a trade when all confluences are met. You can also toggle the entry and exit functions on or off.
1 Candle Rule:
-This feature is inspired by No Nonsense Forex (NNFX) the main function of this is if your entry doesn't meet all the entry conditions, then the strategy will wait 1 more candle to meet all the entry conditions to take a trade.
No Trade Zone:
-This feature will uses a Volume based indicator to filter out low volume markets. The candles will turn grey to indicate the algorithm not to take trades, and you can also customize the sensitivity of how strong this indicator will filter out the low volume in the markets.
Indicator functions
Each indicator plays a certain role and also meets certain conditions when a buy or sell trade is placed. I will reveal 3 out of 7 of the indicators used to preserve the uniqueness of this strategy but overall, the logic of this strategies main goal is to ride long or short terms trends while getting dynamic Risk Reward trades.
-The first indicator that the strategy uses an Exponential Moving Average that is customizable, and is used as a form of a filter for either a long or short term directional bias to filter out false signals to help the algorithm trade with the trend.
-The second indicator that the strategy uses is an Oscillator which is the Wavetrend and this indicators functionality for the algorithm is used for the its buy and sell signals to line up with all the other indicators for confluence. This indicator can also be toggled on or off for you own preference
-The third indicator used is the Volume indicator, and this is used to give the other indicators the green light to enter a trade if there are high amounts of volume in the market.
What are the benefits of using this algorithm?
Stress Free Trading:
-Once automated, you will no longer need to stare at the charts all day, as well as trying to execute the trades on time or worried that you missed a setup. Or you can choose to take trades manually when a buy or sell signal comes up
Stress Free Risk Management:
-All you have to do is provide a risk % and the algorithm will do the rest of the work calculating the stop loss, exiting trades, etc. No more needing to find the right lot size, or dollar amount, all in all the strategy will manage the trades for you.
Psychology:
-when you choose to have a systematic trading approach, it eliminates a lot bad habits from human nature
What are the results like?
-I have multiple different variations of results of this strategy, but I will share one of the results.
Here is a screenshot below of what this strategy can do from just one of the variations.
The backtest below was done with another variation on simulating a 100k account risking 0.50% per trade.
Thank you for taking the time to read through this whole guide, and I hope this helped you better understand the strategy.
support and resistance on multi timeframe [parsimaj] Description:
support and resistance and trendline on two timeframes by your choice
This indicator is capable of showing you the current and higher timeframe support and resistance by your strategy choice (two timeframes alongside each other). It also helps you to monitor the trend direction in short and long term by trend lines . You can change the depth of every levels and trend lines from the panel. Use this indicator in all markets because it follows the basic principles of levels but is unique in changing second timeframe by your choice.
_its smart , if the levels are too close together ,it will choose the deeper ones for you.
How it works:
By default, there is no higher timeframe and you can select your desire higher timeframe from the panel. Higher timelines will be displayed thicker and your current levels would be thin lines. (Levels that are higher than the current price will be red and those that are lower will be green). The number of levels to display is also by your choice, the default is 4 levels for each timeframe.
We have two types of trend lines , long terms as trend 1 (blue below and purple above trend line )- short term as trend 2(dashed ones).
Bouncing on levels and breaking trend line are the best triggers for entry and exit points.
Setting:
First, choose your higher timeframe then the depth of levels for each time (current and higher), The deeper it is, the more precise the lines. After that you can set the depth of trend lines by your choice. Trend 1 is the longer term So put it deeper and then set the short trend line (dashed ones) if you want to change it.
We have put the settings in the best mode, but you can also change it according to your strategy and inform us about the results.
This indicator has been obtained with hours of effort and codding , hope you enjoy
